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4311 Morgan Ave, Los Angeles, CA 90011
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4311 Morgan Ave Los Angeles, CA 90011

$790,000 Sold Price as of 07/06/2020
  • 9 Beds
  • 3 Baths
  • 2,808 Sq.Ft.
Sold
$790,000 Sold Price as of 07/06/2020 Refinance Your Mortgage
Map preview of 4311 Morgan Ave, Los Angeles, CA 90011

Property Overview: 4311 Morgan Ave Los Angeles, CA has 9 bedrooms, 3 bathrooms, 2,808 living square feet and 5,360 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a bread and butter investment opportunity. The units were built in 1990 and have been well maintained since ever since. The building was recently re-roofed, trim painted, has copper piping, 150 amp panel and wrought iron fencing front and rear. One unit was recently completely remodel with fresh paint, remodeled bath, vinyl laminate wood-like flooring, new kitchen cabinets and granite counter tops. The property is made up of three units each comprised of 3 bedrooms and 1 bath. Two units currently occupied and the third unit has a contractible tenant at the Pro Forma rent. The property being built in 1990 is NOT under Los Angeles rent control.

Listed by Geoffrey Tackney | BRE #01390210 | GMT Real Estate
Co-listed by Jennifer Tackney | BRE #01373608 | GMT Real Estate
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
5,360
HOA Dues
$0/mo
Year built
1990
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20093472
City
Los Angeles
County
Los Angeles
Time on Site
1263 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $69,600
  • Net Operating Income: $65,700
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,900
  • New Taxes: $3,750
  • Trash: $1,200
  • Insurance: $1,500
  • Water/Sewer: $1,200

Property Details for 4311 Morgan Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile
  • Kitchen, Laundry
Interior Features
  • Granite Counters
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Asphalt, Shingle
  • Lighting
  • Has Fence
  • Wood, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Paved, Off Street
Lot Information
  • Lot Features: Front Yard, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5116019023
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Long Beach Ave & Vernon
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 4311 Morgan Ave

Last sold for $790,000 on July 6th, 2020

  • July, 2020

  • Jul 10, 2020

    Date

    Sold

    CRMLS: PW20093472

    $790,000

    Price

  • Jun 26, 2020

    Date

    Pending

    CRMLS: PW20093472

    $774,800

    Price

  • May 28, 2020

    Date

    Active Under Contract

    CRMLS: PW20093472

    $774,800

    Price

  • May 16, 2020

    Date

    Active

    CRMLS: PW20093472

    $774,800

    Price

  • October, 2004

  • Oct 26, 2004

    Date

    Sold (Public Records)

    Public Records

    $475,000

    Price

  • December, 2001

  • Dec 20, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4311 Morgan Ave

Assessed Value (2020): $605,404
Year Land Value Improved Value Assessed Value
2020 $203,924 $401,480 $605,404

Home Value Compared to the Market

This property vs the competition

4311 Morgan Ave sold on July 6, 2020 for 31.43% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $275.93 per/sqft which puts the price per square foot 63.41% lower than the current median sale per square foot for the city of Los Angeles.

About 4311 Morgan Ave

Detailed summary of property

4311 Morgan Ave is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 9 bedrooms, 3 bathrooms, roughly 2,808 living square feet, and sits on an approximately 5,360 square foot lot. 4311 Morgan Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $790,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 31.43% lower than the current median priced home. Local homes that are currently for sale include 854 E 50th St, 1135 E 24th St and 1700 E 62nd St. While the average home in Los Angeles, CA is selling in 99 days, 4311 Morgan Ave has a days on market of 11 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 4311 Morgan Ave Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4311 Morgan Ave

Public county record property details
Beds
9
Baths
3
Year built
1990
Sq. Ft.
2,808
Lot Size
5,360
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
63
APN
5116-019-023

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$555,000
Median Sold Price/Sq.Ft.
$484
Total Inventory
47
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (25%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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